BUSINESS NEWS IN BRIEF 2/2

Over 37.6 million shares to be offered on HNX in February In 2018, HNX held 40 auctions; including 10 initial public offerings (IPOs), 29 divestments and one purchasing rights auction. — Photo hanoimoi.com.vn The Ha Noi Stock Exchange (HNX) will hold eight auctions in February to sell over 37.6 million shares of companies this month. The companies include Thai Hoa Water Supply JSC, Dien Chau Water Supply JSC, Cua Lo Water Supply SJC, Quynh Luu Water Supply JSC, Ha Tinh Urban and Environment JSC, Ninh Binh Water Supply and Sewerage SJC, Lilama 69 – 3 JSC and Lilama 10 JSC. In January, Hai Duong Province People’s Committee divested from Hai Duong Cable Television Joint Stock Company on the HNX. Of the 692,000 shares on offer, 575,000 were purchased, equal to 83 per cent. As a result, VND7.1 billion (US$303,418) was collected and the share capital surplus reached VND1.4 billion. In 2018, the HNX held 40 auctions; including 10 initial public offerings (IPOs), 29 divestments and one purchasing rights auction. A number of cattle slaughterhouses to be launched in HCMC HCM City plans to construct several modern livestock and poultry slaughterhouses this year, in addition to facilities being opened by private firms. From now to September 2019, the city will open six modern industrial-scale cattle slaughterhousees, which will have a total capacity of 13,000 animals per day. Hoc Mon District will have two slaughterhouses, including the Xuan Thoi Thuong and Tan Hiep Food Processing Plants, with capacity of 2,000 and 3,000… [Read full story]